The global PMOLED market is witnessing rapid revenue growth. Growing popularity and adoption of PMOLED displays in industrial applications due to their color vibrancy, unique contrasts, and high resolution are major PMOLED market trends. Besides, unique features of PMOLEDs, such as self-illuminating technology that eliminates the need for backlighting the display module, boost the PMOLED market size.
With the rising uses of PMOLEDs in low-power applications, the market is projected to garner huge prominence in the next couple of years. According to Market Research Future (MRFR), the global PMOLED market valuation is poised to reach exponential levels by 2027, registering a significant CAGR throughout the forecast period (2020-2027). Growing investments in developing PMOLED technology increase the size of the market.
Additionally, advances in OLED technology and other related display technologies substantiate the OLED market growth. Conversely, low market acceptance of PMOLED technology is a major factor projected to obstruct market growth.
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Nevertheless, increasing applications and adoption in AR/VR headsets would support market growth throughout the assessment period. Furthermore, the growing demand for energy-efficient display technologies for small devices such as smartphones and other electronic devices pushes market revenues.
Global PMOLED Market – Segments
The report is segmented into types, end-users, applications, and regions. The type segment is sub-segmented into transparent PMOLED and flexible PMOLED. The end-user segment is sub-segmented into residential, commercial, and industrial.
